STM QROPS and Prudential

• Prudential chosen as exclusive STM fund range provider for its 'lite' product
• No entry cost QROPS transfer

Following its recent success in resolving the Gibraltar QROPS crisis, STM has selected Prudential International's range of funds to offer a lite QROPS. This is the first product to offer clients a transfer to a QROPS without entry cost. When coupled with STMs commitment to no exit penalties (as with all STM QROPS schemes), this provides a truly unique offering in what is becoming a crowded market place.

"STM Group believes that the Prudential funds are the perfect complement to the QROPS market."

Previous experience of investing clients’ funds with Prudential has provided STM with the confidence to offer a scheme limited solely to their funds. This type of scheme will suit clients with smaller funds or those transferring from an insurance company scheme in the UK.

The STM QROPS utilising Prudential funds will sit alongside the existing STM QROPS Wrap that will give clients a choice of open architecture and a lite product.

This exciting announcement from STM comes off the back of a growing number of QROPS providers reducing their fees for clients looking for a cost efficient QROPS solution. STM Group has once again taken the lead in removing barriers to entry and re-enforcing its position as a leading QROPS provider.

David Erhardt, STM Group Pensions Director commented "we are delighted to be working with Prudential and believe the combination of a leading investment manager and leading QROPS provider working together has enabled the launch of a market leading QROPS platform."

Michael Leahy, Managing Director of Prudential International said: "Prudential's track record in the multi-asset fund area is well recognised. Our leading with-profits offering will bring a unique dimension to the QROPS marketplace and is ideally suited to the STM client base."

For a confidential discussion about your pension, please contact
David Erhardt on the details below:

E: david.erhardt@stmfidecs.gi
T: +350 200 52476
or visit www.stm-qrops.com/prudential

*Please note that whilst every care and attention has been taken to ensure the accuracy of the contents of this update, the information contained herein is intended for general guidance only and is not a substitute for professional advice.

Any references to legislation and taxation are based on our understanding of current law which may change. No responsibility is accepted for any advice taken or not taken on the basis of the information contained herein.